Andra AP fonden Trims Holdings in Ferrovial SE $FER

Key Points

• Andra AP fonden reduced its Ferrovial stake by 22.2% in the second quarter, selling 45,115 shares and retaining 158,238 shares valued at approximately $10.86 million.
• Ferrovial shares opened at $56.30, near the lower end of their 12-month range of $53.91 to $74.79, while institutional investors collectively own 22.28% of the company.
• Analyst sentiment is broadly cautious: the stock has an average rating of “Hold” and a consensus price target of $70.47, following several recent rating downgrades.

Andra AP fonden lowered its stake in Ferrovial SE (NASDAQ:FER - Free Report) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,238 shares of the company's stock after selling 45,115 shares during the quarter. Andra AP fonden's holdings in Ferrovial were worth $10,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FER. Blue Trust Inc. boosted its holdings in Ferrovial by 136.8% in the 1st quarter. Blue Trust Inc. now owns 779 shares of the company's stock valued at $51,000 after purchasing an additional 450 shares during the period. Larson Financial Group LLC grew its position in Ferrovial by 30.9% during the fourth quarter. Larson Financial Group LLC now owns 1,274 shares of the company's stock worth $82,000 after buying an additional 301 shares in the last quarter. Leonteq Securities AG bought a new position in Ferrovial in the 4th quarter worth about $88,000. EverSource Wealth Advisors LLC increased its stake in Ferrovial by 114.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,441 shares of the company's stock worth $93,000 after acquiring an additional 770 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ferrovial in the 4th quarter valued at about $140,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Ferrovial Trading Up 0.6%

Shares of Ferrovial stock opened at $56.30 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.09. Ferrovial SE has a 12-month low of $53.91 and a 12-month high of $74.79. The company's fifty day simple moving average is $61.30 and its two-hundred day simple moving average is $65.25.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FER. Zacks Research lowered shares of Ferrovial from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Kepler Capital Markets cut shares of Ferrovial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 17th. Citigroup cut Ferrovial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $75.30 to $70.00 in a research note on Wednesday, May 27th. Weiss Ratings raised Ferrovial from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Finally, UBS Group downgraded Ferrovial from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $70.47.

Ferrovial Company Profile

Ferrovial SE is a global infrastructure company that develops, operates and manages transportation and mobility assets. Its activities include toll roads and other managed-lane highways, airports, infrastructure construction, and energy and mobility projects. Through its businesses, the company participates in the financing, design, construction, operation and maintenance of large-scale infrastructure.

The company's highway activities are conducted primarily through Cintra, which operates and manages concession-based road projects.

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